Corporate finance team completes deals worth £118m in 12 months
Accountancy firm Garbutt + Elliott’s corporate finance team has completed deals worth £118m in the last 12 months.
The firm said the deals, in a variety of business sectors, rose from 20 in 2016 to 32 in 2017.
These included the sale of a 48% stake in financial service provider AFS Group to Aldermore Bank and the management buyout of TEV, a Brighouse-based manufacturer, by private equity fund manager YFM Equity Partners.
Garbutt + Elliott partner and head of corporate finance, Richard Feltham , said: “We have built even further on our positive 2016 with strong results in 2017 and a significant increase in the number of deals we have advised on both within and outside the Yorkshire region.
“We are looking ahead to further expansion, which will include additional hires and the launch of new services for our clients.”
During 2017, the corporate finance team raised £30m of funding for clients, advising many businesses on ambitious expansion and growth plans.
Partner Tony Farmer added: “We already have a strong pipeline of interesting deals within the food, construction, digital and engineering sectors. We are determined to build on our success and further enhance the service we provide to our clients to help them achieve their goals and objectives.”
